Gerard Cassidy Banks Quotations

Canadian banks are all looking for opportunities to grow in the United States.

The numbers were good at all of the custody banks and were driven by revenue in their asset management business.

For big banks that want to remain major players, this move is going to force them to make strategic mergers, just like 1998.

Banks are between a rock and a hard place.

The challenge for banks in the slower revenue growth environment is to become more efficient to drive down operating expenses. With the spread between the long end and short end being narrow, it's tougher for banks to make money.

The earnings results clearly show that margin pressure remains intense, especially on banks that don't have large capital markets businesses.